RCOM loan fraud

Mumbai, February 25, 2026: The Enforcement Directorate on Wednesday said it has provisionally attached the Mumbai residence of Reliance Group chairman Anil Ambani, ‘Abode’, valued at ₹3,716.83 crore under the Prevention of Money Laundering Act (PMLA).The action comes a day before the 66-year-old industrialist is scheduled to appear before the federal agency in Mumbai for a second round of questioning in connection with an alleged bank loan fraud case linked to Reliance Communications (RCOM).According to the agency, the 17-storey luxury residence, approximately 66 metres high, is located in Mumbai’s upscale Pali Hill area. The provisional attachment order has been issued…